HomeMy WebLinkAboutAgenda -11-06-2008 - 4kORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 6, 2008
Action Agenda
Item No. ~ - k
SUBJECT: Lease Renewal: 501 W. Franklin Street, Suite #105
DEPARTMENT: Purchasing and Central Srvcs. PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Lease Renewal/Terradotta.com, Inc.
INFORMATION CONTACT:
Pam Jones (919) 245-2652
PURPOSE: To consider approving a lease renewal with Terradotta.com, asoftware consulting
firm, for space at 501 W. Franklin Street commencing on December 3, 2008 through December
2, 2009.
BACKGROUND: A software consulting firm, Terradotta.Com, has leased suite 105 at 501 W.
Franklin Street since December 2, 2002. The tenant wishes to renew the lease for one
additional year. The current lease of $800 per month is recommended to increase to $825 per
month (3% increase). The tenant would continue to pay for all utilities, cleaning and interior
maintenance of the space.
No further modifications to the original lease are suggested.
FINANCIAL IMPACT: The County would receive $9,900 in rent as a result of this action.
RECOMMENDATION(S): The Manager recommends that the Board approve the lease renewal
as presented for Terradotta.com for the term December 3, 2008 through December 2, 2009 for
a monthly rental fee of $825; and authorize the Chair to sign on behalf of the Board.
STATE OF NORTH CAROLINA
COUNTY OF ORANGE
LEASE AGREEMENT RENEWAL
THIS LEASE AGREEMENT RENEWAL made on the 6th day of November 2008 by and between
Terradotta.com, Inc., 501 West Franklin Street, Suite 105, Chapel Hill, North Carolina, hereinafter
referred to as Tenant and Orange County, a politic subdivision of the State of North Carolina, Post
Office Box 8181, Hillsborough, North Carolina, hereinafter referred to as "County".
WITNESSETH:
WHEREAS, a lease agreement was made and entered into as of the 2nd day of December, 2002, a copy
of which is attached as Exhibit A, between the County and Tenant;
WHEREAS, County and Tenant desire to renew the lease agreement and amend it;
NOW THEREFORE, County and Tenant mutually agree to the following:
Section 3 of Exhibit A shall be modified to read:
(a) This lease renewal shall commence on December 3, 2008 and shall continue for a
term of one year, which ends on December 2, 2009, both dates inclusive, unless
sooner terminated as herein provided.
(c) The Tenant agrees to pay the County without demand at its office, or at such other place or places
as County may from time to time designate in writing, the sum of $825 per month ($9,900 per annum),
2. All other terms and conditions of Exhibit A shall remain the same.
This the day of , 2008
TerraDotta.Com, Inc.
By: (Seal)
Witness:
Brandon S. Lee
Orange County
By (Seal)
Chair
Board of County Commissioners
Attest:
Donna S. Baker, Clerk to the Board
Board of County Commissioner